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Tyra owns a nail salon that’s located in a strip mall. Her rent every month includes $1,800 base rent and 10% of her gross sales. What kind of lease does Tyra have?
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Tyra owns a nail salon that’s located in a strip mall. Her rent every month includes $1,800 base rent and 10% of her gross sales. What kind of lease does Tyra have?

User Lemarr
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1 Answer

1 vote

Answer:

The right answer is percentage lease.

Step-by-step explanation:

A percentage lease can be defined as the lease in which the person who takes the place on rent has to give a fixed base rent plus some percentage of the total sales.

In the given scenario, Tyra is giving the base rent plus 10% of her total sales as monthly rent to the owner which corresponds to the percentage lease.

Hence, the most appropriate answer is percentage lease.

User Superman
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